26, 27, 31 Cross Street Westbrook, ME

$1,195,000
Baths 4
Square Footage 2,352
Acres 0.30
Photo of 26, 27, 31 Cross Street Westbrook ME 04092




Description

9.5% cap rate! A unique three property portfolio in the heart of Westbrook offers immediate income potential and long term value. This rare opportunity includes two updated single family homes on separate lots and a carefully maintained two unit building, creating an exceptional package for investors seeking a presence in one of Greater Portland's most dynamic communities. At 26 Cross Street, the two unit residence features spacious three bedroom layouts, each with private back decks, separately metered heat and electricity, and convenient access through both front and rear stairwells. A detached two car garage and large driveway add to tenant appeal, while recent upgrades such as a 2021 roof and a four year old heating system provide efficiency and peace of mind. Both units are tenant occupied on a month to month basis, generating immediate cash flow while allowing flexibility for future owner occupancy or repositioning. 27 and 31 Cross Street are single family homes on their own lots, each offering three to four bedrooms, bright kitchens with generous natural light, and large living spaces with newly refreshed hardwood floors. Recent improvements include updated heating systems, newer windows, and fresh exterior paint. Both homes also feature dedicated parking and sizable yards, enhancing resident appeal and rental stability. Located just steps from Westbrook's downtown, with its growing mix of restaurants, breweries, riverfront trails, and daily conveniences, this portfolio delivers a combination of modern updates, strong rental history, and room for future growth. For the investor, 26, 27 and 31 Cross Street represent not just property, but a well timed entry into Westbrook's continued renaissance.


Listed by F.O. Bailey Real Estate, Lauren Jones 207-781-1111

Details

MLS 1671299
Status Active Under Contract
Price $1,195,000
DOM 64 days
Type Multi-Family
Baths 4 full baths
Square Feet 2,352 sqft
Lot Size 0.30 acres
Year Built 1895
Taxes Paid $3,301

Lot & Building Features

Amenities 1st Floor Bedroom, Washer Hookup
Cooling None
Heating Gas Natural, Direct Vent Heater, Forced Air
Parking Description Common, Paved, 1 - 4 Spaces
Tax Year 2023
Taxes Paid $3,301
Water Public
Water Heater Electric

Room Details

Basement Description Interior Entry, Full, Unfinished

Unit Features

Unit 1 4 beds
Unit 2 3 beds
Unit 3 4 beds
Unit 4 3 beds

Map

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Financing

$
20%
1%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.


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